Here's the thing—my stance wasn't built on some rosy expectation that things would magically bounce back. Actually, quite the opposite. I was banking on further decline, and that's exactly what played out.

But here's where it gets interesting: not all investment gets flagged as unproductive in official numbers. When you've got massive capital flowing into projects that don't generate real returns, the GDP figures start telling a warped story. That statistical quirk means comparing headline numbers across different economies is like comparing apples to engine parts.

The measurement framework itself operates under different assumptions. What counts as "growth" in one system might just be resource misallocation masked by construction activity elsewhere. That's the critical piece most market watchers miss when they panic over headline GDP prints.